KBC Group NV reduced its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,432 shares of the financial services provider's stock after selling 21,813 shares during the period. KBC Group NV's holdings in Intercontinental Exchange were worth $33,023,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after purchasing an additional 1,169 shares during the last quarter. Nwam LLC lifted its position in Intercontinental Exchange by 20.2% during the fourth quarter. Nwam LLC now owns 1,796 shares of the financial services provider's stock worth $268,000 after buying an additional 302 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Intercontinental Exchange by 215.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the financial services provider's stock worth $664,000 after buying an additional 3,044 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Intercontinental Exchange by 6.8% in the 4th quarter. QRG Capital Management Inc. now owns 17,798 shares of the financial services provider's stock valued at $2,652,000 after buying an additional 1,137 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Intercontinental Exchange by 18.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,516 shares of the financial services provider's stock valued at $226,000 after buying an additional 233 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.
Intercontinental Exchange Stock Performance
NYSE:ICE opened at $181.74 on Monday. Intercontinental Exchange Inc. has a fifty-two week low of $136.25 and a fifty-two week high of $182.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day moving average price of $174.95 and a 200 day moving average price of $165.68. The stock has a market capitalization of $104.25 billion, a P/E ratio of 37.63, a PEG ratio of 1.96 and a beta of 1.12.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the business posted $1.48 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.
Intercontinental Exchange Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.06%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Barclays lifted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Bank of America decreased their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Morgan Stanley increased their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and an average target price of $188.46.
Check Out Our Latest Stock Analysis on ICE
Insider Buying and Selling at Intercontinental Exchange
In other news, CEO Jeffrey C. Sprecher sold 68,315 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $179.25, for a total value of $12,245,463.75. Following the sale, the chief executive officer now directly owns 1,162,908 shares in the company, valued at approximately $208,451,259. This trade represents a 5.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James W. Namkung sold 612 shares of Intercontinental Exchange stock in a transaction on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the completion of the transaction, the chief accounting officer now owns 13,220 shares of the company's stock, valued at approximately $2,379,600. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 227,954 shares of company stock valued at $40,796,663 in the last three months. 1.00% of the stock is owned by corporate insiders.
About Intercontinental Exchange
(
Free Report)
Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Intercontinental Exchange, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intercontinental Exchange wasn't on the list.
While Intercontinental Exchange currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
